CFDs on Platinum (US$ / OZ)TVC:​PLATINUM

PLATINUM Chart

Technical Analysis Summary

PLATINUM

Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.

Platinum has reached end of 4-th wave, and has shown signs of reversal. You can go long now or wait to see if there is additional short-term downside and then go long. Support is at 900-906, many times has it bounced back from this area. Buy now for sure thing and SL for 890; TP to 1000+. For more risky approach buy at 900 or 895, if it comes there and TP 1085.

I'm predicting a small rise to 947 area so monitoring on Daily Chart.
Entry - 934
Take Profit - 947
Stop Loss - 921
I am not a fortune teller so take these predictions as pure entertainment. Trading has great risks so trade responsibly.